Finance Act 2012

38 (1) In consequence of the provision made by paragraph 37, CAA 2001 is amended as follows. U.K.

(2) In section 1(2) (allowances for which Act provides), omit paragraph (ca).

(3) In section 2(3) (giving effect to capital allowances), omit the entry relating to section 393T.

(4) In section 567(1) (sales treated as being for alternative amount: introductory), omit “4A,”.

(5) In section 570(1) (elections under section 569: supplementary), omit “or 4A”.

(6) In section 570A(1) (avoidance affecting proceeds of balancing event), omit “4A,”.

(7) In section 573(1) (transfers treated as sales), omit “, 4A”.

(8) In Part 2 of Schedule 1 (list of defined expressions), omit the entries for the following defined expressions—

• “balancing adjustment (in Part 4A)”,

• “balancing event (in Part 4A)”,

• “dwelling (in Part 4A)”,

• “flat (in Part 4A)”,

• “lease and related expressions (in Part 4A)”,

• “proceeds from a balancing event (in Part 4A)”,

• “qualifying building (in Part 4A)”,

• “qualifying flat (in Part 4A)”,

• “relevant interest (in Part 4A)”, and

• “residue of qualifying expenditure (in Part 4A)”.

(9) In Part 2 of that Schedule, in the entry for “sale, transfers under Parts 3A, 4A and 10 treated as”, omit “, 4A”.